by Jared Fruland
News today came out of the United Nations headquarters in New York City, NY drafting a new "theme" for humanitarian assistance to nations in need or nations in socioeconomic recessions. The council for United Economic Aid along with the United Nations Economic and Social Council said they would begin to devote their aid to “Strengthening of the coordination of United Nations humanitarian assistance through enhancing the effectiveness of needs-based humanitarian assistance”. The representative of the United States said the decision just adopted would strengthen the lines of communication between the Committee and Samoa as well as increase Member State participation in the Committee’s process. This being a huge success for both the United Nations and struggling, developing nations globally. United Nations proficiency is both increasing along with world wide acceptance. We can expect global humanitarian aid to be on a all time rise coming out of the United Nations. A clear sign of positive reforms being drafted inside the United Nations.
Friday
European Interest Rates Rise, will the US Rise too?
by Jared Fruland
European interest rates hiked up little by little this week, while the U.S. interest rates remained the same. The moves are small, however, nervous investors are keeping a close eye on the rates, due to a shifiting economy and the unpredicted fall of the markets last week. A worldwide stock tumble last week -- where a plunge in the Chinese stock market set off the dominoes that knocked down the Dow Jones industrials more than 400 points in one day.
European interest rates hiked up little by little this week, while the U.S. interest rates remained the same. The moves are small, however, nervous investors are keeping a close eye on the rates, due to a shifiting economy and the unpredicted fall of the markets last week. A worldwide stock tumble last week -- where a plunge in the Chinese stock market set off the dominoes that knocked down the Dow Jones industrials more than 400 points in one day.
Thursday
American Markets Shattered, Asia Markets Rise, however, progress is happening
by Jared Fruland
The American DOW Jones Industrial Average had a shattering day on Wall St. on Febraury 27th. The main causes are caused to the markets massive selling of its shares, one cause could be Ford's massive corporate restruction, which has caused the market billions. The Dow fell more than 200 points in the first few minutes, while the Asian markets skyrocketed. Progress will come, says optimistic analysts. This comes at a time of great economic growth.
The American DOW Jones Industrial Average had a shattering day on Wall St. on Febraury 27th. The main causes are caused to the markets massive selling of its shares, one cause could be Ford's massive corporate restruction, which has caused the market billions. The Dow fell more than 200 points in the first few minutes, while the Asian markets skyrocketed. Progress will come, says optimistic analysts. This comes at a time of great economic growth.
Friday
World Economy Expected to Decelerate in 2007
by Jared Fruland
The UN released on Friday , February 23 that the world economy will decelerate in 2007. This comes after three years of broad-based, upward growth of world economies. The world is expected to decelerate, due to a slowdown in the U.S. economy. However, least developed countries have experienced continual growth, more than that of the industrialized giants. In my opinion, I like to see the developed countries growing their economies, eliminating poverty, providing health care, and security. However, for the industrialized countries, like the U.S., we need to make sure that these countries can maintain a stable economy, find problems, and reform.
The UN released on Friday , February 23 that the world economy will decelerate in 2007. This comes after three years of broad-based, upward growth of world economies. The world is expected to decelerate, due to a slowdown in the U.S. economy. However, least developed countries have experienced continual growth, more than that of the industrialized giants. In my opinion, I like to see the developed countries growing their economies, eliminating poverty, providing health care, and security. However, for the industrialized countries, like the U.S., we need to make sure that these countries can maintain a stable economy, find problems, and reform.
Wednesday
South Africa on the brink of a new budget
by Jared Fruland
South Africa Legislature unveiled a new budget plan today with surprising increases in the areas of: housing, education, and health. They also unveiled new plans to design and implement a new Social Security policy for all the people in South Africa. The annual budget, according to MSN Money, has been set at $534 Billion. In my opinion this could possibly be an amazing feet for S. Africa. With improved education, health, security, and a social security plan, people will live longer and the economy only has one way to go, up. Finance Minister Trevor Manuel told Parliament, "The 2007 budget strives to accelerate economic growth and work opportunities, modernize our public services and infrastructure, and fight poverty because we have a shared pledge to work together in action." This is an excellent example of both economic reform and hopefully, economic growth in the future. This comes at the same time as the UN releasing their Regionalization on economic growth for Africa, a revolutionary idea concluded by many at a two-day meeting in Kenya. With the immense help from the UN and different countries economies it will yield a higher standard of living for different countries economies. It is good to see the UN helping improve countries economies and standards of living.
South Africa Legislature unveiled a new budget plan today with surprising increases in the areas of: housing, education, and health. They also unveiled new plans to design and implement a new Social Security policy for all the people in South Africa. The annual budget, according to MSN Money, has been set at $534 Billion. In my opinion this could possibly be an amazing feet for S. Africa. With improved education, health, security, and a social security plan, people will live longer and the economy only has one way to go, up. Finance Minister Trevor Manuel told Parliament, "The 2007 budget strives to accelerate economic growth and work opportunities, modernize our public services and infrastructure, and fight poverty because we have a shared pledge to work together in action." This is an excellent example of both economic reform and hopefully, economic growth in the future. This comes at the same time as the UN releasing their Regionalization on economic growth for Africa, a revolutionary idea concluded by many at a two-day meeting in Kenya. With the immense help from the UN and different countries economies it will yield a higher standard of living for different countries economies. It is good to see the UN helping improve countries economies and standards of living.
Sunday
Google's Riches Trickle Down
posted by Jared Fruland
copied from MarketWatch
All those harried days juggling phone calls have paid off handsomely for Shannon Hermes.
Hermes now owns about $1.3 million worth of Google (GOOG, news, msgs) stock, the result of Google's acquisition of YouTube last year, according to a new regulatory filing by Google.
But this new millionaire isn't one of the founders of the video-sharing startup. Nor can she take credit for planting the venture-capital seed money that got it off the ground. Hermes, as it happens, is none other than the receptionist and office manager for YouTube.
It's well-known that Google's $1.65 billion purchase of YouTube made very rich men out of co-founders Chad Hurley and Steve Chen, who each received hundreds of millions of dollars' worth of Google stock. There's also been lots of attention paid to how Sequoia Capital, one of YouTube's original venture-capital backers, stands to make about $442.3 million from the deal.
Video: YouTube's big break
But what's emerging now is the dozens of less glamorous YouTube people pocketing multimillion-dollar rewards, at least on paper, from the acquisition. Most appear to have been with the company since it was founded in mid-2005, and they occupy positions far from the boardroom.
Aside from Hermes, there's Julie Supan, YouTube's chief spokeswoman, who received Google stock worth $4.9 million, according to the company's regulatory filing. Heather Nicole Gillette, YouTube's director of customer support, is facing a potential $4 million payday.
For helping to build YouTube's systems, Bradley Wayne Heilbrun has a potential $6.1 million payout. Christina Brodbeck, a senior user-interface designer, is now worth at least $8.9 million. For serving as a YouTube community advocate, Micah Jody Schaffer Shebar could cash out with $1.63 million.
"It's just mind-boggling," said Joe Capobianco, a mergers-and-acquisitions attorney with Reisman, Peirez and Reisman, a Garden City, N.Y., law firm.
copied from MarketWatch
All those harried days juggling phone calls have paid off handsomely for Shannon Hermes.
Hermes now owns about $1.3 million worth of Google (GOOG, news, msgs) stock, the result of Google's acquisition of YouTube last year, according to a new regulatory filing by Google.
But this new millionaire isn't one of the founders of the video-sharing startup. Nor can she take credit for planting the venture-capital seed money that got it off the ground. Hermes, as it happens, is none other than the receptionist and office manager for YouTube.
It's well-known that Google's $1.65 billion purchase of YouTube made very rich men out of co-founders Chad Hurley and Steve Chen, who each received hundreds of millions of dollars' worth of Google stock. There's also been lots of attention paid to how Sequoia Capital, one of YouTube's original venture-capital backers, stands to make about $442.3 million from the deal.
Video: YouTube's big break
But what's emerging now is the dozens of less glamorous YouTube people pocketing multimillion-dollar rewards, at least on paper, from the acquisition. Most appear to have been with the company since it was founded in mid-2005, and they occupy positions far from the boardroom.
Aside from Hermes, there's Julie Supan, YouTube's chief spokeswoman, who received Google stock worth $4.9 million, according to the company's regulatory filing. Heather Nicole Gillette, YouTube's director of customer support, is facing a potential $4 million payday.
For helping to build YouTube's systems, Bradley Wayne Heilbrun has a potential $6.1 million payout. Christina Brodbeck, a senior user-interface designer, is now worth at least $8.9 million. For serving as a YouTube community advocate, Micah Jody Schaffer Shebar could cash out with $1.63 million.
"It's just mind-boggling," said Joe Capobianco, a mergers-and-acquisitions attorney with Reisman, Peirez and Reisman, a Garden City, N.Y., law firm.
Thursday
G-7 Finance Ministers to Meet
posted by Jared Fruland
copied from the Associated Press
FRANKFURT, Germany (AP) - Finance ministers and central bankers from the world's seven richest nations are set to focus on hedge funds, foreign exchange issues, energy and education as they gather this weekend.
While initial talk ahead of the meeting has focused on European concerns that the Japanese yen, a driver of economic growth in Asia, has been weakening, a wider examination of foreign exchange rates and their effect on economies will likely result.
"The issue is a central element in G-7 talks," German Deputy Finance Minister Thomas Mirow said this week at a briefing on the two-day summit which starts Friday in the west German city of Essen.
But while the euro has hit new highs against the Japanese currency, to reach 158 yen, the country's interest rates are still at just 0.25 percent. At the same time, rates in the euro-zone and Britain have steadily been raised.
The yen's weakness against the euro has caused some concern among EU finance ministers because it makes Japanese goods less expensive than those made by companies in the EU.
Mirow wouldn't say if the yen would be the dominant issue of the meeting, saying all currencies remained an issue and that "the yen is also an important currency, among others."
Japan's Vice Finance Minister Hideto Fujii said Thursday that he expected the finance and central banks chiefs from the Britain, Canada, France, Germany, Italy, Japan and the United States to discuss overall macroeconomic, financial, monetary and currency conditions, but not to zero in on the yen.
Another key issue the finance officials will likely examine is the growth of hedge funds, a significant topic for Germany given their rising influence over companies.
Hedge funds became a political hot potato in Germany in 2005 when a senior Social Democrat politician called for tougher controls, describing them as "locusts" after hedge fund pressure botched Deutsche Boerse AG's bid for the London Stock Exchange PLC and forced out the German stock exchange's chief executive.
Germany has made hedge fund issues a de rigeur topic for its EU and G-8 presidencies this year. Finance Minister Peer Steinbrueck has said the country wants G-7 nations and EU countries, along with the U.S. to try and figure out how to pre-empt any risks that speculative hedge funds may pose to the global financial system.
Hedge funds -- high-risk, largely unregulated and secretive investment pools -- have traditionally been the investment domain of the wealthy but have become popular with pension funds, life insurance companies and small investors looking for high returns.
The U.S. Treasury said the ministers would dicuss the impact that hedge funds have on the global financial system, including whether increased oversight would help policy makers. But it stressed that the Bush administration believes that market discipline -- not more regulation -- was the best way to monitor hedge funds.
copied from the Associated Press
FRANKFURT, Germany (AP) - Finance ministers and central bankers from the world's seven richest nations are set to focus on hedge funds, foreign exchange issues, energy and education as they gather this weekend.
While initial talk ahead of the meeting has focused on European concerns that the Japanese yen, a driver of economic growth in Asia, has been weakening, a wider examination of foreign exchange rates and their effect on economies will likely result.
"The issue is a central element in G-7 talks," German Deputy Finance Minister Thomas Mirow said this week at a briefing on the two-day summit which starts Friday in the west German city of Essen.
But while the euro has hit new highs against the Japanese currency, to reach 158 yen, the country's interest rates are still at just 0.25 percent. At the same time, rates in the euro-zone and Britain have steadily been raised.
The yen's weakness against the euro has caused some concern among EU finance ministers because it makes Japanese goods less expensive than those made by companies in the EU.
Mirow wouldn't say if the yen would be the dominant issue of the meeting, saying all currencies remained an issue and that "the yen is also an important currency, among others."
Japan's Vice Finance Minister Hideto Fujii said Thursday that he expected the finance and central banks chiefs from the Britain, Canada, France, Germany, Italy, Japan and the United States to discuss overall macroeconomic, financial, monetary and currency conditions, but not to zero in on the yen.
Another key issue the finance officials will likely examine is the growth of hedge funds, a significant topic for Germany given their rising influence over companies.
Hedge funds became a political hot potato in Germany in 2005 when a senior Social Democrat politician called for tougher controls, describing them as "locusts" after hedge fund pressure botched Deutsche Boerse AG's bid for the London Stock Exchange PLC and forced out the German stock exchange's chief executive.
Germany has made hedge fund issues a de rigeur topic for its EU and G-8 presidencies this year. Finance Minister Peer Steinbrueck has said the country wants G-7 nations and EU countries, along with the U.S. to try and figure out how to pre-empt any risks that speculative hedge funds may pose to the global financial system.
Hedge funds -- high-risk, largely unregulated and secretive investment pools -- have traditionally been the investment domain of the wealthy but have become popular with pension funds, life insurance companies and small investors looking for high returns.
The U.S. Treasury said the ministers would dicuss the impact that hedge funds have on the global financial system, including whether increased oversight would help policy makers. But it stressed that the Bush administration believes that market discipline -- not more regulation -- was the best way to monitor hedge funds.
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